Borrow $2,001–$5,000 anytime – same-day assessments, Funds available same day for eligible applicants
Borrow $2,001–$5,000 anytime – same-day assessments, Funds available same day for eligible applicants
A vehicle registration renewal can put pressure on your budget. MyCashOnline offers personal loans from $2,001 to $5,000, with repayment terms of 3–18 months, which may help cover registration expenses, subject to assessment and approval.
Apply online without visiting a branch. Same-day funding may be available for eligible applicants, depending on approval, completion of documentation and bank processing times. Approval and payment before your registration due date are not guaranteed.
| Feature | Details |
|---|---|
| Loan amounts | $2,001–$5,000 |
| Minimum repayment term | 3 months |
| Maximum repayment term | 18 months |
| Maximum APR | 48% p.a. |
| Interest rate | Fixed for your loan, based on your risk profile |
| Repayment frequency | Weekly, fortnightly or monthly, as agreed |
| Security | Loans may be unsecured or secured by a registered vehicle |
Your approved amount, interest rate and repayment term depend on our assessment of your income, expenses, existing commitments and ability to repay.
| Fee | Amount |
|---|---|
| Establishment fee | $400 |
| Default fee | $27 per missed scheduled payment |
| Rescheduling fee | $15 per scheduled payment rescheduled |
Default and rescheduling fees apply only in the circumstances specified in your loan contract. They are excluded from the example below, which assumes all repayments are made as scheduled.
For a $3,000 loan over 12 months:
| Item | Amount |
|---|---|
| Annual interest rate | 48.00% p.a. |
| Establishment fee | $400 |
| Total interest | $908.37 |
| Total borrowing cost, including establishment fee | $1,308.37 |
| Total amount repayable | $4,308.37 |
| Repayments | Approximately $165.70 per fortnight over 26 instalments, with a final rounding adjustment |
| Comparison rate | 65.4962% |
This example is indicative. Your loan offer will set out your actual interest rate, fees, repayment schedule and total amount payable before you accept.
Comparison rate warning: The comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or loan amounts might result in a different comparison rate.
Before applying, check your renewal notice for the amount payable and due date. Ask your state or territory registration authority whether shorter renewal periods, concessions or other payment options are available to you.
If your registration expense is below our minimum loan amount of $2,001, consider whether another payment option would avoid borrowing more than you need.
Applications can be submitted online anytime and are assessed during business hours. Missing documents, additional verification or bank processing may delay funding.
Consider whether repayments fit your budget alongside fuel, insurance, servicing, living expenses and existing debts. Your next registration renewal may fall due while you are still repaying the loan.
A longer repayment term may reduce each instalment but increase the total interest payable. Review the overall borrowing cost before accepting an offer.
A car registration loan is a personal loan used to help pay vehicle registration expenses. It is repaid through scheduled instalments under your loan contract.
You can apply for $2,001–$5,000. The amount approved depends on our assessment of your financial circumstances and ability to repay.
No. Our minimum loan amount is $2,001. If you need less, consider other payment options rather than borrowing more than required.
Approved funds are transferred to your nominated bank account. You are responsible for arranging the registration payment and confirming that your renewal has been processed.
Funding before a particular date is not guaranteed. Timing depends on assessment, approval, completion of documentation and bank processing.
No. Every application is subject to lending criteria, verification and an affordability assessment.
Contact us promptly to discuss your circumstances and available hardship assistance. Default or rescheduling fees may apply as specified in your loan contract.
Phone: 1300 998 868
Email: admin@mycashonline.com.au
All applications are subject to assessment and approval. Actual loan amounts, rates, terms and repayments depend on your individual circumstances.
